For Clients, Advisors and Community
A recent Wall Street Journal article states that women owned businesses
struggle when revenues get to the level of $250,000-$499,999. It also
cites a 2011 study conclusing that the proportion of woman owned businesses
with revenues of $1 million and more is about the same as it was in 1998.
I wonder why this is the case. If you would like to see the article, please
send an email to
It is often (but not always) true that our firm’s clients represent
a fair picture of what’s going on in the business world. We are
honored to represent woman owned businesses, minority owned businesses
and disabled veteran owned businesses. Even in this difficult business
environment, all of them are thriving. Many have done well particularly
because of the benefits available to minority owned businesses combined
with the expertise and enterpreneurship of the owners. From my perspective,
almost all of them are among my favorite clients.
By and large, the law has given minorities in this country unprecedented
opportunities. From the perspective of my world, I’ve seen many
successes. On that basis, I think the program may be underutilized. Do
you know anyone who is a woman, Hispanic, African-American, other minority
ethnic or a disabled veteran? A business opportunity awaits.
The laws of our country provide special opportunities for women owned businesses
and “set aside” programs (particularly in the construction
industry) for disabled veteran and disadvantaged business enterprises
(DBE). For the DBE program, an individual “graduates” (and
can no longer participate in the program) when he or she attains a net
worth of $1.32 million (exclusive of the net equity value in his or her
home and the value of his or her business). Hence, an individual could
have a net worth up $4 million and still be disadvantaged. From a policy
perspective, does this make sense? I’d be interested in my readers’
thoughts on this topic. Please send me a comment via this blog.